SEARCH in ENERGY KOREA

MOSCOW — For months, the Russian government has opposed the idea of Western petroleum sanctions against Iran. But new threats to Iranian oil flow could have at least one beneficiary: Russia. The Russian oil industry was already reaping the rewards of higher global oil prices from Iranian tensions, e...

Source: The Telegraph If Citigroup is right, Saudi Arabia will cease to be an oil exporter by 2030, far sooner than previously thought. A 150-page report by Heidy Rehman on the Saudi petrochemical industry should be sober reading for those who think that shale oil and gas have solved our global ener...

It’s been over three years since the Deepwater Horizon oil rig exploded in the Gulf of Mexico, triggering the worst oil spill in US history. While the well was officially sealed in the summer of 2010, observers have been spotting oil sheens on the water near the wreckage since last fall — causing ma...

In an effort to hold oil companies to a higher standard in the Arctic Ocean, a coalition of conservation groups announced Monday that they are suing to challenge the federal government’s approval of oil spill cleanup plans for Shell Alaska’s upcoming operations in the Beaufort and Chukch...

Source: Bloomberg For the town of Glomfjord in Norway’s Arctic, the country’s oil boom has turned into a curse. Unemployment has more than doubled, people are moving out, and schools now risk being shut after solar-energy component maker Renewable Energy Corp. (REC) ASA closed a 200-person plant in...

Socialist party accused of giving into Shell and Total after decision reversed to allow oil drilling off French Guiana France’s new Socialist government has been accused of bowing to big business and the energy lobby after the environment minister was removed from her post following her order...

Source: The Guardian Barack Obama is in the market for creative ways of combating climate change, and Eyal Aronoff thinks he has one – involving the US’s beloved motor car Eyal Aronoff identifies himself on his business card as an “oil addiction therapist”. He’s got an unconv...

Source: Grist Another reminder of how much Barack Obama hates oil: U.S. production reached its highest point in 14 years in September, rolling out 6.5 million barrels a day. EIA We’ve previously noted how this is transforming the state for the worse — crime, housing prices, spills. But today The Gua...

An MOU was signed with between KNOC and the Port of Ulsan. The Korea National Oil Corporation (President Moon Gyu Seo) revealed on the 5th of March that he had completed an MOU contract with Ulsan Port Authorities (President Jong Rok Park) regarding Northeast Asia’s Oil Hub Industry. This MOU will e...

Student groups at 192 colleges and universities are calling on their schools’ endowments to sell off stocks in fossil-fuel companies, inspired by a 350.org campaign that we’ve reported on before. Now that campaign is spreading from campus to city hall, as Climate Progress reports: Seattle Mayor Mike...

A long-awaited environmental assessment of TransCanada Corp. (TRP)’s Keystone XL pipeline cheered oil executives who see it as a signal the Obama administration will approve a project that has come to be viewed as a fight between jobs and the environment. The draft assessment, released yesterday by...

When another new oil field was found beneath the Amazon jungle, campaigners feared the worst. But a radical and daring plan to ransom the drilling rights could save the planet’s most biodiverse area American biologist Kelly Swing thwacks a bush with his butterfly net and a dozen or so bugs and...

The fracking frenzy in North Dakota has boosted the U.S. fuel supply—but at what cost? Photograph by Eugene Richards Natural gas flared as waste is a new sight on the Dakota prairie, where fracking—a way of extracting hard-to-reach oil—and directional drilling have sparked a boom. www.eugenerichards...

Source: Grist Last winter, fossil-fuel enthusiasts began trumpeting the dawn of a new “golden age of oil” that would kick-start the American economy, generate millions of new jobs, and free this country from its dependence on imported petroleum. Ed Morse, head commodities analyst at Citibank, was ty...

British oil giant BP wants a federal judge to rule that the roughly 800,000 barrels of oil that the government says was collected at the head of its runaway undersea Gulf of Mexico well in 2010 should not be counted in determining the company’s civil fine for Clean Water Act violations. Such a rulin...

Source: Yahoo! News An oil spill has been detected along the coast of southern Nigeria near operations for US giant ExxonMobil, the company said Monday, but the cause and size of the leak remained unclear. Exxon local subsidiary Mobil Producing Nigeria confirmed that oil had been found along the sho...

Drill ship, the Kulluk, carrying about 155,000 gallons of fuel, drifted in stormy weather before being driven on to rocks A large drill ship belonging to the oil company Shell has run aground off Alaska after drifting in stormy weather, company and government officials said. The ship, the Kulluk, br...

The ‘one-strike-out system’ that cancels license of the gas station if it is found guilty of selling counterfeit oil has been applied to a gas station for the first time. Korea Institute of Petroleum Management (K Petro) said that the oil filling station ‘C’ in Nam-gu, Busan was caught selling fake...

President Lee Myung-bak is greeted by Saudi Arabia’s Oil Minister Ali al-Naimi before their talks on a stable supply of oil to South Korea in the Saudi capital of Riyadh on Tuesday. (Yonhap News) RIYADH (Yonhap News) ― Saudi Arabia’s oil minister promised Tuesday to help ensure a stable supply of cr...